Avery Dennison Corporation $AVY Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in Avery Dennison Corporation (NYSE:AVY) by 22.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,136 shares of the industrial products company’s stock after selling 5,092 shares during the quarter. Voya Investment Management LLC’s holdings in Avery Dennison were worth $2,779,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Czech National Bank boosted its stake in shares of Avery Dennison by 3.7% in the third quarter. Czech National Bank now owns 19,806 shares of the industrial products company’s stock valued at $3,212,000 after purchasing an additional 698 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Avery Dennison by 567.6% during the third quarter. Assenagon Asset Management S.A. now owns 149,026 shares of the industrial products company’s stock worth $24,168,000 after acquiring an additional 126,704 shares during the last quarter. Oak Thistle LLC lifted its stake in shares of Avery Dennison by 7.4% in the third quarter. Oak Thistle LLC now owns 4,722 shares of the industrial products company’s stock worth $766,000 after acquiring an additional 327 shares in the last quarter. Gradient Investments LLC boosted its holdings in Avery Dennison by 2.1% in the third quarter. Gradient Investments LLC now owns 70,956 shares of the industrial products company’s stock valued at $11,507,000 after purchasing an additional 1,461 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its stake in Avery Dennison by 424.4% during the 3rd quarter. Aaron Wealth Advisors LLC now owns 6,251 shares of the industrial products company’s stock valued at $1,014,000 after purchasing an additional 5,059 shares in the last quarter. Hedge funds and other institutional investors own 94.17% of the company’s stock.

Avery Dennison Stock Up 0.4%

AVY stock opened at $182.49 on Friday. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.48 and a beta of 1.01. Avery Dennison Corporation has a 1-year low of $156.23 and a 1-year high of $196.40. The firm has a fifty day moving average price of $175.69 and a two-hundred day moving average price of $172.89. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.26 and a quick ratio of 0.89.

Avery Dennison (NYSE:AVY) last posted its quarterly earnings results on Wednesday, October 22nd. The industrial products company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.32 by $0.05. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. Avery Dennison had a net margin of 7.93% and a return on equity of 33.67%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.33 EPS. Avery Dennison has set its Q4 2025 guidance at 2.350-2.450 EPS. Research analysts predict that Avery Dennison Corporation will post 9.96 EPS for the current year.

Avery Dennison Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 3rd were issued a $0.94 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $3.76 annualized dividend and a dividend yield of 2.1%. Avery Dennison’s dividend payout ratio (DPR) is 42.78%.

Analysts Set New Price Targets

A number of brokerages have issued reports on AVY. BMO Capital Markets reaffirmed an “outperform” rating and issued a $210.00 target price on shares of Avery Dennison in a research report on Thursday, October 23rd. JPMorgan Chase & Co. upgraded shares of Avery Dennison from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $182.00 to $195.00 in a research note on Thursday, October 23rd. Truist Financial reduced their price objective on shares of Avery Dennison from $204.00 to $203.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Argus set a $200.00 price objective on shares of Avery Dennison in a report on Tuesday, October 28th. Finally, Citigroup cut their target price on shares of Avery Dennison from $191.00 to $177.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $200.55.

About Avery Dennison

Avery Dennison (NYSE:AVY) is a global materials science and manufacturing company specializing in labeling and packaging solutions. The company develops pressure-sensitive materials, tags and labels, and adhesive technologies that help brands and businesses enhance product identification, branding and supply-chain performance. Avery Dennison’s offerings range from industrial and retail labeling to high-performance tapes, films and graphics materials used across multiple end markets.

The company operates through several key segments, including Label and Graphic Materials, which supplies pressure-sensitive materials for consumer goods; Retail Branding and Information Solutions, offering apparel tags, RFID inlays and digital product identification; Pressure-Sensitive Materials, providing specialty tapes and adhesives; and RF Technologies, focused on advanced RFID and IoT labeling solutions.